Holiday Inn Express Oxford Road acquired
The Holiday Inn Express on Oxford Road has been sold to a Singaporean property invesetment firm. The deal between Heeton and the sellers, Manchester Property Holdings Ltd, was handled by Lambert Smith Hampton.
Situated between the Palace Theatre and Manchester Metropolitan University, the twelve-storey hotel has 147 bedrooms extending across 61 sq ft and currently trades at over 80% occupancy.
Zinnia Hotels is a subsidiary company of Wylam and was established as a hotel development, investment and operating company.
Zinnia currently owns and operates one full service hotel and three limited service hotels in the United Kingdom and Spain.
The company’s policy is to only build new hotels for its own account.
Two further hotels are in the development phase.
All the hotels trade under the Holiday Inn or the HolidayInn Express brand. Zinnia Hotel’s dedicated personnel have a proven track record in the areas of property development and hotel management.